Fund Spy What Sets Fidelity Contrafund Apart The Silver-rated fund's sprawling portfolio, huge asset base, and legendary manager are only a few of its distinguishing features. Danoff's consistent execution through the years earns the fund a Positive Process rating. Fidelity Contrafund's beta coefficient measures the volatility of Fidelity stock compared to the systematic risk of the entire stock market represented by your selected benchmark.In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Fidelity stock's returns against your selected market. Fidelity Contrafund () Fund Market info Recommendations: Buy or sell Fidelity Contrafund fund? Contrafund is a completely different fund from the 1990s. Terms of Service apply. The fund stands out within the large-growth Morningstar Category for its more than 20% stake in financial services; that stake is bigger than 95% of its peers’. The equity division came under fire in 2017 amid reports of sexual harassment and a hostile work environment, leading to portfolio manager dismissals and a change in leadership. Still, within the large-growth Morningstar Category, the fund stands out for its relatively colossal 20% stake in financial-services firms such as Berkshire Hathaway (BRK.A). This fund isn't too volatile for a growth fund. Danoff has made tweaks to the process through the years to accommodate its size, including trading less often, owning fewer mid- and small-cap names, and maintaining a portfolio of 270-500 stocks. Current and Historical Performance Performance for Fidelity Contra Fund on Yahoo Finance. Danoff, who has run money long enough to witness a few major market blowups, has outperformed large-growth peers and the Russell 1000 Growth Index in down markets during his tenure, including both bear markets of the 2000s. He also has Fidelity's large global analyst team at his disposal, which helps him keep tabs on the sprawling portfolio of 300-plus names and feeds him ideas that can help distinguish the fund from its relevant benchmarks. Find basic information about the Fidelity® Contrafund® Fund mutual fund such as total assets, risk rating, Min. Performance charts for Fidelity Contrafund Fund (FCNTX) including intraday, historical and comparison charts, technical analysis and trend lines. While Fidelity addressed the personnel issues and is working to improve collaboration through weekly team meetings, more-open floor plans, and improved feedback systems, it remains to be seen how the division may incorporate team-based elements into the legacy star-manager system. Although I am mostly in cash now, FSCSX is my biggest holding. Fidelity Contrafund has excelled during manager Will Danoff’s nearly three-decade tenure, supporting its Morningstar Analyst Rating of Silver. The Fidelity Contrafund is a growth and value stock fund that focuses on generating capital gains rather than income. Plus, they are another way the fund differentiates itself from popular passive funds. The portfolio’s top four positions-- Amazon (AMZN),  Facebook (FB), Alphabet (GOOGL), and Berkshire Hathaway--soaked up nearly a fourth of the fund’s assets in December while accounting for less than 10% of the S&P 500 and 13% of the Russell 1000 Growth Index. Find out about Morningstar’s The analysts' input is essential, as it would be difficult to effectively oversee a portfolio of 300-plus stocks himself. These remain a small portion of the fund's overall assets, but investing in them early could prove beneficial down the line if they have successful IPOs. Indeed, Danoff consistently crafts a seemingly inimitable portfolio. He's hands-on, participating in many of the hundreds of company meetings that occur at Fidelity every year. You can also utilize pair trading strategies of matching a long position in Fidelity Contra with a short position of SP 500. It’s a behemoth in terms of assets under management. Chart. Contrafund doesn't have those. That pattern holds over the long haul: Across the index’s 55 money-losing one-year rolling periods since Danoff’s start, the fund did better four fifths of the time. See performance data and interactive charts for Fidelity® Contrafund® Fund (FCNTX). By analyzing existing cross correlation between Fidelity Contra and SP 500, you can compare the effects of market volatilities on Fidelity Contra and SP 500 and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. Since then, FCNTX has accumulated assets of … associated with market volatility, economic swings, and company-specific events. The remaining assets are held by the K shares, which charge middling fees. The latter bogy is the better comparable, based on its holdings overlap, style similarities, and performance patterns. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. investment, market cap and category. According to present data Fidelity Contrafund's Fidelity Contrafund shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). © Copyright 2020 Morningstar, Inc. All rights reserved. Upgrade to remove this ad. Expenses have ranged from 0.64% to 1.01% in the past decade; the latter is hard to justify given the fund's huge asset base. Fidelity Contrafund better hurry up and get their orders in, because the mega-fund is closing its doors to new accounts later this month. But even today, Fidelity has some top-performing mutual funds and sector funds that are worth a look for retirement investors. Investment Objective The investment seeks capital appreciation. This site is protected by reCAPTCHA and the Google Fidelity does somewhere I'm sure but not the way someone like Sequoia or Fairholme or Harris or Yacktman or any of the other "small but big" asset managers do. Tech stocks claimed a third of the portfolio’s assets, which was about 10 percentage points more than the S&P 500’s share but a bit less than Russell 1000 Growth Index’s. The research clearly found that Fidelity was the winner on expense ratios. How did FCNTX perform historically? (The name count has trended downward recently as he has focused on his best ideas.) Contrafund's huge size is the price of Danoff's stock-picking prowess. editorial policies. View FCNTX mutual fund data and compare to other funds, stocks and exchanges. Generally, data on Fidelity mutual funds is provided by FMR, LLC, Morningstar ratings and data on non-Fidelity mutual funds is provided by Morningstar, Inc. and data on non-mutual fund products is provided by the product's investment manager, trustee or issuer or the plan sponsor whose plan is offering the product to participants. Fidelity ® Contrafund ® K6 (since 5/25/2017) Fidelity Advisor ® New Insights Fund - Class C (since 7/31/2003) Fidelity ® Contrafund ® - Class K (since 9/17/1990) Fidelity ® Series Opportunistic Insights Fund - Class F (since 12/6/2012) Fidelity ® Contrafund ® Commingled Pool Class 2 (since 1/17/2014) Fidelity is known for being the home of star manager Peter Lynch, who put up one of the best records of any stock-picker as the manager of the Fidelity Magellan Fund in the 1970s and '80s. Over three fourths of the fund’s assets reside in the no-load share class, which is priced below average relative to similarly sold peers. Will Danoff’s preference for best-of-breed companies with competitive advantages is clear. The $117 billion fund has long been one of the industry's biggest by assets. These moves haven't affected long-term performance, which remains strong. Attracting and retaining talented investment professionals is more important than ever. Privacy Policy and Danoff looks for best-of-breed companies with good business models, competitive advantages, and improving earnings potential, placing much emphasis on company management. While the fund's size limits Danoff's ability to take meaningful positions throughout the portfolio, he doesn't shy away from making big bets where he can. 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There is no mandate to invest exclusively in a particular class or type of … However, the fund remains an attractive offering thanks to Danoff's experience and consistent execution through the years. I don't invest in anything that doesn't out perform the S&P by a margin for all time periods. The fund also owns some privately held companies, notably WeWork and SpaceX. The Silver-rated fund's sprawling portfolio, huge asset base, and legendary manager are only a few of its distinguishing features. But Danoff is actively involved in stock-specific research and carries around a thick notebook listing the tickers of companies he's met with. Despite the fund's large asset base and portfolio of hundreds of names, it has avoided looking too indexlike. If you would invest, Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk In 2013, John Roth became comanager alongside Danoff at the $26 billion Fidelity Advisor New Insights, but Danoff also runs the $7 billion Fidelity Series Opportunistic Insights (used exclusively in the target-date series) and a fund sold in Canada. Learn about the fund's agencies rating and risk rating, transparent information about the fund's management personal, policies of invested allocation and diversification, past performance. Fund Market & Finance report, prediction for the future: You'll find the Fidelity Contrafund forecasts and fund quote below. Given Danoff's heavy asset load, capacity has been a long-standing concern. Danoff prefers proven growers showing tangible signs of improving earnings to more-speculative fare, which means the fund can lag in certain market environments such as 2009's rally. The 3 months correlation between Fidelity and SP 500 is, Assuming the 30-days horizon Fidelity Contra is expected to generate 4.83 times less return on investment than SP 500. It’s essentially limited to investing in companies with very large market capitalization values: it has to concentrate on the top companies in the S&P 500®. History of Fund/Manager. The fund has been closed in the past, but it is currently open and has experienced outflows in recent years. Fidelity ® Contrafund ® K6 (since 5/25/2017) Fidelity ® Contrafund ® - Class K (since 9/17/1990) Fidelity Advisor ® New Insights Fund - Class C (since 7/31/2003) Fidelity ® Series Opportunistic Insights Fund - Class F (since 12/6/2012) Fidelity ® Contrafund ® Commingled Pool Class 2 (since 1/17/2014) The analysts have incentives to relay their best ideas to him, as he commands more than $150 billion in assets across all his charges. FCNTX has generated the following returns: 1-months return is … Research information including trailing returns and hypothetical growth for Fidelity® Contrafund® Fund. Fidelity Contrafund debuted in May of 1967. The challenges its size presents, plus fees that aren't as low as might be expected given its economies of scale, keep it from achieving a higher rating. This fund courts significant key-person risk, but Danoff has announced no intention of retiring anytime soon. SP 500 is currently generating about 0.18 per unit of volatility. Its outsized performance under Danoff has made the fund a stalwart of … Fidelity Contrafund made its debut in May of 1967, and since then, FCNTX has accumulated about $97.24 billion in assets, per the most up-to-date date available. It trades about 0.02 of its total potential returns per unit of risk. Fidelity is based in Boston, MA, and is the manager of FCNTX. Find real-time FCNTX - Fidelity® Contrafund® Fund stock quotes, company profile, ... vs. S&P 500. It has held as much as 20% in non-U.S. equities in the past, though its 5% non-U.S. stake in December was on the low end of its normal range during the past decade. See how FCNTX has performed including trailing returns and dividend history. Danoff invests more than $1 million in both this fund and Fidelity Advisor New Insights. In addition to that, Fidelity Contra is 1.47 times more volatile than SP 500. So that's why there's a disparity there. Robby Greengold does not own shares in any of the securities mentioned above. Danoff effectively leverages the research of Fidelity’s well-regarded team of analysts, which is deep and global and which has ample access to corporate management. In keeping with the preceding three years, the fund’s technology Morningstar sector weighting remained Danoff’s largest bet. Growth of $10,000 invested in Contrafund vs. S&P 500 Index September 17, 1990 to August 31, 2020 (net of fees) Fidelity Contrafund has produced an average annual return of 13.9% compared to 10.6% for the S&P 500 Index $497,718 $206,256 An active approach that has stood the test of time Through both bull and bear markets, Will Danoff’s FSCSX has killed the S&P for all time periods. Fidelity's Contrafund is among the most widely held funds by 401(k) plans and other retirement plans. The fund’s stake in the Morningstar technology sector, which has ranged from 30%-40% of assets over the past three years, looks hefty next to the fund’s S&P 500 prospectus benchmark but modest relative to the Russell 1000 Growth Index. View, Correlation Between Fidelity Contra and SP 500, Sponsored content. While that premise could define many large-growth competitors, the fund's process has been successful because of Danoff's execution. FCNTX | A complete Fidelity Contrafund mutual fund overview by MarketWatch. Fidelity Contrafund advanced mutual fund charts by MarketWatch. In December 2018, over 95% of the fund’s assets were tethered to firms with either wide or narrow Morningstar Economic Moat Ratings. The Contrafund makes its returns by picking growth stocks with a … 3 months to 15 years. The top ten holdings only account for 30% of the Fidelity Contrafund’s assets, and the remainder stocks have a much lower compounding rate in the single digits. I don't know what it works like on the managed accounts in terms of fees but I think they do get some. I consolidated all my holdings into Fidelity a few years ago for simplicity. This was true across the board. Fidelity Contrafund® Fund (MUTF: FCNTX) is a bit of a jack of all trades. The fund's Morningstar Risk rating, which penalizes downside deviations in returns, is low. Fidelity Wins On Expense Ratios. That is enough to earn the fund a Positive Price rating. My wife and I are in our late 70's. Meanwhile, the fixed-income division remains in steady hands following the retirement of a longtime CIO. While the bond analyst and manager ranks have seen more change than usual lately, the team-oriented structure of its investment-grade and municipal offerings helps minimize the impact of departures. Get Fidelity Contrafund (FCNTX) performance data: adjusted return vs. S&P 500, Sharpe Ratio and price range Two years ago, we pulled Fidelity Contrafund (symbol FCNTX) from the Kiplinger 25 and replaced it with Fidelity New Millennium ().We had no qualms about Contra’s … : Buy or sell Fidelity Contrafund has excelled during manager Will Danoff ’ s technology Morningstar weighting. Thick notebook listing the tickers of companies he 's met with 's huge size the. Because of Danoff 's execution style similarities, and improving earnings potential, much... 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